Chapter 405: Big Rise on Listing
For most companies, going public is an honor and a form of recognition.
When many companies promote themselves to the outside world, if they are listed companies, they will generally highlight this fact.
At the same time, going public not only means honor, but also wealth.
Only when the company is listed can the value of the shares you hold be realized and become visible and tangible.
Therefore, for executives of a company that is about to go public, and who own shares, once the company goes public, they will gain both fame and fortune.
Now that Golden Harvest is listed, with Golden Harvest's size, they can become billionaires in an instant.
Not only that, with the resume at Jiahe, even if I change jobs in the future, I will be able to find a very good job.
Especially President Zhang Zhao. Once Jiahe successfully goes public, he will be the president of a group with a market value of tens of billions and a well-known president in the entire Chinese business community.
Even if he leaves the film and television industry in the future, well-known companies in other fields will consider him when looking for a leader.
Therefore, Liu Zhou could understand the excitement of Zhang Zhao and others. Even he was a little excited.
What's more, it is listed on the main board of the Shanghai Stock Exchange, which makes it even more valuable.
There are many stock exchanges around the world, but domestic companies generally only have five to choose from.
Shenzhen Stock Exchange, Shanghai Stock Exchange, Hong Kong Stock Exchange, Nasdaq, and New York Stock Exchange.
The vast majority of domestic companies are listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Only those state-owned enterprises with very large scale and with Chinese characters in their names will be listed in multiple places, including Hong Kong and the US, in addition to being listed domestically.
Mainland companies listed on the U.S. stock market are generally promising emerging Internet companies such as Sina, Baidu, JD.com, and Ali, as well as some large groups in technology, energy, biology, communications, and petroleum.
The Nasdaq and NYSE in the U.S. are just like the Shenzhen Stock Exchange and Shanghai Stock Exchange in China.
The former is the first choice for small and medium-sized enterprises and emerging technology companies to go public, while the latter is the choice for large and medium-sized enterprises, state-owned enterprises and real industries.
Historically, as the first private film and television company in the mainland, Huayi was listed on the Shenzhen Stock Exchange because it was not qualified to be listed on the Shanghai Stock Exchange. In fact, let alone the Shanghai Stock Exchange, it was not even qualified to be listed on the main board. It was listed on the Growth Enterprise Market.
The ChiNext, also known as the second board market, is also called the second stock trading market.
Compared with the main board market, the threshold is lower and it is generally prepared for start-up companies, small and medium-sized enterprises and high-tech companies with potential that need financing.
The GEM was established in 2009, and Huayi was one of the first companies listed on the GEM.
It is easy to imagine the status of the film and television industry in the country at that time. Even the industry leader could only take advantage of the opportunity and be listed on the Growth Enterprise Market.
After Huayi, well-known mainland film and television companies such as Guangxian, Huace, Lay's, and Tangde have also been listed on the Shenzhen Stock Exchange's Growth Enterprise Market.
Only Berna was listed on NASDAQ because of Yu Dong's ambition, but finally returned to the GEM in disgrace.
As for the New Third Board, small and medium-sized enterprises such as Mahua Team and Hairun Film and Television are listed on the New Third Board, but strictly speaking, they are not listed companies.
One is listing and the other is listing. The former only circulates stocks, while the latter is securities.
Therefore, the fact that Golden Harvest was able to be listed on the main board of the Shanghai Stock Exchange can be said to have greatly brought honor to the film and television industry.
How could Huayi in the original time and space be as popular as Golden Harvest today?
As time slowly approached nine o'clock, Jiahe, as the most watched company, made its final appearance.
At today's Shanghai Stock Exchange, not only was Jiahe the most watched, but the guest group it brought was also the most luxurious.
In addition to Liu Zhou and a number of Golden Harvest executives, there are also a number of celebrity shareholders under Golden Harvest.
As a popular star, he is the focus of media wherever he goes.
In addition, Liu Zhou also invited many people to watch the ceremony and cheer.
Liu Zhou invited the bosses of larger film and television companies in the circle, such as Wang Changtian of Guangguang, Mr. Yang of Emperor Entertainment Group, Zhang Weiping of New Picture, Yu Dong of Bernard, and even Wang Zhongjun of Huayi.
Several of them have already arrived at the scene.
Liu Zhou is not showing off. The listing of Golden Harvest is a major event in the mainland film and television industry. If successful, it will also bring considerable benefits to their companies.
In addition to these, not to mention Han Shanping, the head of the Film Bureau and a deputy in charge of Chaoyang District were also invited to the scene.
After that it was Liu Zhou’s relatives and friends who came, but none of the family members wanted to come, only friends came.
Penguin's Pony Ma, Sohu's Zhang Chaoyang, and internet artist Ding Lei also came in person to show their support.
Originally Liu Zhou was planning to invite Chen Tianqiao, but he was still recuperating in Lion City, so he didn't bother him.
These guests are either popular stars, bigwigs in the film and television industry, or well-known domestic tycoons.
In addition, Liu and Zhou possess all three qualities, so most of the media reporters' cameras are aimed at their area.
There are still some procedures for the listing ceremony, but no one will be impatient at this time.
At nine o'clock in the morning, it was finally Jiahe's turn to perform. Zhang Zhao and others couldn't help but adjust their sitting positions.
First, the leader from Chaoyang District spoke, then Zhang Zhao spoke as a representative of Jiahe executives, and then the representative of the sponsor institution spoke.
Then, the leader of the Shanghai Stock Exchange and a deputy from the Shanghai government department gave speeches.
Finally, Liu Zhou, as the chairman of Jiahe Group and the bell ringer for the listing, took the stage to speak.
The so-called listing bell ringing is not a real bell ringing. All exchanges in the world do not have the form of bell ringing. Almost all of them are just an electronic button.
Perhaps the Hong Kong Stock Exchange and the two major domestic exchanges have a stronger sense of ceremony, and they prepared a big gong, which is the way of beating the gong.
The bell ringing ceremony became popular from the New York Stock Exchange, but at that time, ringing the bell did not represent the company's listing, but simply reminded the exchange to open and close.
It was not so convenient in the 19th century. Even in the 1980s, stock trading in the exchange relied on traders shouting at the top of their lungs. Without a good voice, you couldn't do the job of a trader.
So the exchange was very noisy at that time, unlike now, with a large electronic screen, which makes things much more convenient.
And what was struck at that time was not actually a bell, but a gong. I heard that it was the Chinese in the United States at that time who introduced the gong to the exchange.
After beating the gong gradually evolved into a kind of honor, it was introduced into China and turned into ringing the bell. As more people called for it, the bell ringing ceremony also began.
The people in front also knew their limits, knowing that the protagonist today was Liu Zhou, so they spoke for a short time and left the stage after saying just two sentences.
After the leaders of the Shanghai Stock Exchange came down, Liu Zhou took a deep breath, then slowly stood up and walked to the stage amid applause and flashes of light.
“Ladies and gentlemen, leaders and guests, thank you very much for taking time out of your busy schedule to attend the listing ceremony of Jiahe Group.
Jiahe Group is an old company with a profound heritage but also full of vitality. We have come a long way..." Liu Zhou briefly recalled the entire development process of Jiahe Group, its recent achievements, and the company's outlook for the future.
As Liu Zhou finished his speech, the scene became more and more lively.
At this time, a group of senior executives and several celebrity shareholders of Jiahe Group came to the stage, and Han Shanping and representatives of CITIC Group also came on stage.
Listing is a lively occasion, but it is also a serious occasion. There will not be chaos and everything is in order.
Everyone wore formal attire, a boutonniere, and a big red scarf.
The last person to strike the gong was Liu Zhou. Under everyone's gaze, he slowly walked to a large gong with a mallet in his hand and struck it neither lightly nor heavily.
"Bang!"
With a crisp sound, hundreds of camera flashes kept flashing, and colorful ribbons fell from the sky.
On the stage, Liu Zhou, Jiahe and Han Shanping were greeted with warm applause and congratulations from everyone.
Below the stage, Wang Zhongjun, Wang Changtian, Yu Dong and Zhang Weiping looked at Liu Zhou who was enjoying great success on the stage. Although they all had smiles on their faces and stood up to applaud, they were undoubtedly envious in their hearts.
Jiahe can, and their company can also be listed.
Among the few people, Zhang Weiping was probably the only one who felt a little bitter. The new picture mainly revolved around Zhang Yimou, and he didn't care about other businesses at all.
There is no problem with Zhang Yimou being around. As long as he is in New Picture, he will still be a giant in the industry. But Zhang Yimou is a little unstable now.
He clearly felt that Liu Zhou's efforts to win over Zhang Yimou were increasing, and Zhang Yimou did not seem to be as loyal to him as before, and his attitude became ambiguous.
Once Zhang Yimou leaves New Picture, it will be a question whether the company can survive, let alone go public.
Without Zhang Yimou, he will have little influence in the entertainment industry, and the other companies will definitely take advantage of his misfortune.
Only then did Zhang Weiping feel a little regretful. He felt that he had been a little too unkind to Zhang Yimou before.
Now that Jiahe has gone public, Zhang Weiping feels even more threatened. He suddenly has a premonition that Zhang Yimou might really leave him this time.
So Zhang Weiping was no longer thinking about the company's listing at this moment. What he was thinking about now was how to win over Zhang Yimou and prevent him from leaving New Picture.
Now New Picture is far behind Golden Harvest in all aspects. The only thing he can rely on is the friendship between him and Zhang Yimou for more than ten years.
However, at this time, no one at the scene cared about what Zhang Weiping was thinking. After the excitement, everyone was concentrating on looking at a large screen in front of them.
The big screen displays the stock price trends of Golden Harvest and eleven other companies.
Everyone was staring at those lines nervously; every fluctuation affected the hearts of dozens of people.
Although they are competitors, Golden Harvest is the first listed film and television company, which can be regarded as paving the way for them.
However, after nearly five minutes, there was still no movement in Jiahe's stocks and no transaction was completed, which made them a little worried.
Jiahe has made such a big fuss, will it end up being a dud?
Even Han Shanping was a little worried at this time. The listing of Golden Harvest was not just a simple listing, but also a symbol of high hopes for the entire film and television industry.
However, Liu Zhou was not worried at all at this time. This was not bad news, but good news.
Because investors who have subscribed to Jiahe Group's shares are still not satisfied with the current offer, they think the stock price can rise higher.
So they kept holding on to their stocks and didn't sell them.
There must be a lot of buy orders now, and the quotes are constantly rising. Liu Zhou is waiting very patiently for the first successful transaction.
Things turned out just as Liu Zhou had expected. Shortly afterwards, the first transaction of Jiahe Group's stock was completed at RMB 6.8 per share.
Seeing the numbers on the big screen, everyone breathed a sigh of relief, and then happy smiles appeared on their faces. There was a cheer from the audience, and everyone couldn't help but applaud enthusiastically.
The issue price was four yuan, the opening price was six yuan and eighty yuan, and the stock price rose by nearly 75%.
Calculated based on the opening price, the total share capital of Jiahe Group is 3 billion shares, which means that the company's market value instantly reached 19.8 billion!
"Liu Zhou, congratulations! You succeeded!" Han Shanping said to Liu Zhou with a smile.
"Boss Han, we succeeded. Don't forget that China Film Group is also a shareholder of Golden Harvest Group."
"Haha, yes, we succeeded!"
Not only Han Shanping, but others also came forward to congratulate them. Zhang Zhao and Gao Jun even hugged each other excitedly. They all owned shares in Jiahe.
In the past, no matter how high the valuation of Jiahe Group was, it was just a valuation and was not recognized by everyone.
However, after the company goes public, the stock price reflects the entire market's consideration of the company's price, and the stock has become a pile of securities that can be discounted at any time!
Although there is still a six-month sales ban, so what? They can already be considered billionaires.
Of course, the one with the biggest increase in wealth is Liu Zhou. After the dilution, he still holds four layers of shares in Golden Harvest Group. Based on the company's market value calculated based on the opening price, Liu Zhou's wealth will increase by nearly 8 billion.
However, the situation is obviously not limited to this. As the most watched listed company this time, Jiahe Group naturally attracted the attention of many investors.
In the eyes of foreigners, Chinese people are cautious and conservative, and they don't even dare to speak too loudly when communicating with foreigners.
But with a population of 13 billion, China has never lacked adventurous people.
For five thousand years, countless people have been willing to risk their lives for wealth, status, and beauty, shouting "Are kings, princes, generals, and ministers of different races?"
What's more, most people who play stocks are bold, and the listing of new stocks is definitely a good opportunity to make a fortune.
Many investors have already identified stocks in several popular industries and started buying them when the market just opened, and Golden Harvest is undoubtedly the most attractive to them.
In the hall of the Shanghai Stock Exchange, although people can now buy and sell stocks by themselves at home using computers, there are still many investors who like the atmosphere of the exchange and come early in the morning.
There are several large LCD monitors hanging in the hall, showing the stock price trends at today's opening.
Especially the newly issued stocks have become the focus of investors.
Some veteran stock investors with a keen sense of smell immediately started buying in large quantities of those stocks that skyrocketed at the opening.
That's how stocks work, people just follow the trend, either they keep going up or they keep going down.
Soon those stocks split into three trends, and Jiahe was undoubtedly one of the most dazzling ones.
Jiahe's stock price rose all the way from 10 yuan at the opening. In just half an hour, by a.m., the stock price had risen to yuan, a full three times.
(End of this chapter)